Inflation: Everything is 6% Higher From a Year Ago and Rent is Up 8.2%, the Highest Ever
https://legalinsurrection.com/2023/03/inflation-everything-is-6-higher-from-a-year-ago-and-rent-is-up-8-2-the-highest-ever/I don’t have anything from the White House in my inbox as I write up this post so I’m guessing they’re trying to come up with their spin on this Consumer Price Index (CPI) report.
My financial friend gave me great advice: Whatever the government says it is, multiply it by two to make it more accurate.
More accurate and scarier.
Let’s get this out of the way. Inflation went up by 0.4% in February. But that’s not the scary part.
The big picture is that everything is 6% higher than a year ago. Prices are not easing or not easing enough of basic household goods.
Big thing: Everything is up 6% from a year ago.
Rent of shelter rose 8.2%, which is the highest ever. The owner’s equivalent rent, which is another way to measure rent, went up 8%.
Oh, yeah. That is also the highest ever.
Inflation is still high. Rent is at 8.2%, which is the highest to date.
